All Grocery articles – Page 638
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News
Cencosud reports a 16% decrease in net sales
Grocery retailer Cencosud reported a 16% decrease in net sales to CLP1.24 trillion (£1.38bn) in its second quarter.The retailer was knocked by the financial crisis and adverse exchange rates in the international markets where it operates.Meanwhile, rival Falabella reported CLP832.8bn (£924.2m) sales for its second quarter, 7.8% lower than the ...
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News
Lianhua records a 2.2% growth in turnover
China’s largest grocer, Lianhua, recorded a 2.2% growth in turnover to CNY10.98bn (£984.5m) in the first half of the year. However, the impact of the financial crisis and a slump in consumer goods prices meant that same-store sales fell 1.7%.Net profit was up 10% to CNY250m (£22.4m). The group continued ...
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NewsEntries open for Oracle Retail Week Awards 2010
The deadline for entries to the 2010 Oracle Retail Week Awards, the biggest event in the retail calendar has been extended to November 6.
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News
Casino’s first-half net profits hit €231m
French grocer Casino’s first-half net profits hit €231m (£203.5m), up from €229m (£201.8m) in 2008, while operating profit fell 9.1% to €488m (£430m).The retailer now expects to have implemented a €1bn (£881.1m) asset disposal programme by the end of next year. It also plans to strengthen its appeal by developing ...
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NewsMarket wobbles but positive signs abound
The market was hit by a bout of nerves following the recent bull run and the FTSE 100 suffered its biggest loss of value in two months. General retailers performed slightly below the market but food groups, which have frequently been out of favour lately, remained almost flat.
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NewsClubcard will allay Tesco doubts, says broker
Broker ING has upgraded Tesco ahead of next month’s interim results, despite concern among some analysts that the grocer is suffering at the hands of resurgent rivals.
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NewsAnalysts welcome Majestic Wine changes
Majestic Wine revealed on Monday that it was reducing its minimum order size to six bottles after a trial in selected stores over the past year.
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NewsMusgrave pushes broadband to unite its partners
Musgrave Retail Partners GB will encourage owners of its Londis and Budgens stores to adopt a broadband network it has trialled in a number of company-owned stores.
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News
Carrefour reports larger than expected loss
Carrefour has reported a larger than expected €58m (£51.1m) loss in its first half, compared with a €747m (£655.7m) profit a year earlier.The grocer plans to spend as much as €600m (£528.8m) on discounts and marketing this year to improve sales in France. Revenue fell 1.6% in the first half ...
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OpinionLessons from the highly evolved
Species evolution has a lot to teach us when it comes to developing businesses, says Mark Price
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NewsTesco enlists former shoplifter to help with in-store crime
Tesco has enlisted a former professional shoplifter to give the grocer advice on how to stay ahead in terms of crime in its stores.
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OpinionAsda's George hits the Christmas spot
Asda has unveiled a glamorous and stylish range for Christmas from its clothing brand George. But the collection also shows how far the value fashion retailer has come in terms of quality.
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NewsM&S on verge of appointing headhunter for chief executive search
Marks & Spencer is on the verge of appointing a headhunter to begin its search for a new chief executive to replace Sir Stuart Rose next year.
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NewsMore retailers expected to go bust in 2010
The number of retail businesses going bust is set to continue next year as rising unemployment is expected to continue to impact consumer spending.
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NewsMajestic Wine halves minimum spend rule
Drinks specialist Majestic Wine has halved the minimum amount of bottles customers must buy to six.
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OpinionMake do and mend the Waitrose way
John Lewis this morning published an updated version of its famous wartime Make Do And Mend pamphlet, but sister supermarket chain Waitrose is showing customers its own way of dealing with the recession.
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NewsMixed fortunes for John Lewis, but Waitrose prospers
A “week of two halves” resulted in satisfactory results for John Lewis but the department store chain’s overall sales remain down on last year.
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NewsJulian Graves fascia to survive acquisition by Holland & Barrett
Holland & Barrett will retain the Julian Graves fascia in the majority of stores following clearance last Friday from the Office of Fair Trading (OFT) for its takeover of the chain.
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NewsSales of Sainsbury’s Basics range rocket
Sainsbury’s has revealed that sales from its Basics own-label value offer are 50% higher than a year ago.
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NewsThreshers owner on the hunt for new chief executive
Threshers owner First Quench Retailing is searching for a new chief executive after the resignation this week of Yvonne Rankin owing to ill health.